10/20/21, 10:00 PM Major upgrade with instant deposits and payouts plus optimized UX is a game-changer for sports betting with Paysafe’s Skrill USA for the 2021 NFL season
HOUSTON--(BUSINESS WIRE)-- Skrill USA, the digital wallet from leading specialized payments platform Paysafe (NYSE: PSFE), today unveiled a major product revamp to make it easier and faster than ever to wager online with iGaming brands. The first of several planned upgrades equips the Skrill wallet, which is specifically tailored for iGaming, with all the features that players want – from instantly funding deposits and receiving payouts to an effortless and intuitive user experience (UX).
With Paysafe's Q4 2020 research revealing that U.S. sports bettors consider fast and frictionless payments the top factor when choosing an online sportsbook (and more important than brand reputation, odds, sports markets, and bonuses), Skrill USA has responded to better support operators and their customers. For the NFL football season, it now takes seconds for new and existing Skrill customers to register or log-in, fund their player account and start wagering. Through Skrill, players can fund a wager direct from their bank account via instant online bank transfer, and also load funds to the wallet balance using a credit or debit card, and paysafecard or Paysafecash eCash solutions.
The iOS, Android, and desktop Skrill applications have been enhanced with a state-of-the-art ‘look and feel’ and streamlined UX developed to meet the needs of the casual or VIP player on-the-go in 2021. The all-new ‘tiled’ display centralizes the vital info a player needs to deposit, ensuring the payments experience is quicker and uninterrupted.
Following a frictionless registration process for first-time Skrill users, their bank accounts are rapidly yet securely linked to their Skrill accounts to allow instant deposits, and with funds fully guaranteed to gaming operators by Skrill. Alternatively, Skrill customers can simply enter their credit or debit card info or use either paysafecard or Paysafecash, which are both available at thousands of U.S. in-store retailers, to seamlessly fund their Skrill accounts, and then deposit to wager with iGaming brands.
For returning players, the depositing process is even simpler. The log-in page’s ‘remember me’ functionality allows customers to skip straight to funding their deposit, now taking a single click, streamlining the ability of customers to rapidly repeat a deposit.
Receiving payouts is just as simple, with winnings accessible to players in their Skrill account in real time. Payouts can be spent online and offline using the Skrill Visa® Prepaid Card1, withdrawn directly as cash at an ATM or transferred into players’ linked bank accounts. Customers can even decide to invest their winnings directly into cryptocurrency through Skrill’s integrated crypto exchange feature.
Paul Jardon, CEO and CFO of Skrill USA, Inc., said: “We’re excited to roll-out a major product upgrade for our digital wallet. Players using Skrill USA to wager with U.S. iGaming brands will enjoy the wallet’s sophisticated user experience and find it’s faster than ever before to make a deposit and to receive payouts of their winnings.”
Zak Cutler, CEO of North America iGaming at Paysafe, commented: “Payments are one of the main pillars of customer conversion for U.S. iGaming brands. With an unparalleled payments experience, the new Skrill USA digital wallet will give operators an edge when it comes to customer acquisition and retention – we feel it’s a game changer for the increasingly competitive U.S. market.”
P
Any chance we get over $8.50 tomorrow and stay?
G
PSFE Q2 2021:
Revenue: $384 mil, Guidance was $365-$385 mil.
Gross profit: $229 mil. Guidance was $225-$235 mil.
Adj. EBITDA: $119 mil. Guidance was $110-$120mil.
North American Igaming volume growth 72% along with revenue of 48% YoY.
PSFE Igaming is in 15 states. 7 additional states plan to come on board later this fall or early 2022.
PagoEfectivo and SafetyPay, which PSFE acquired this year had a combined 55% revenue CAGR between 2018-2020. The growth in business is open banking and e-commerce. Latin America has a growing and younger population compared to the United States with a median age of 31 to the US which is 38.
PSFE has growth in mind moving forward.
P
Sorry this will be my last post for today. We got Grasso's PSFE and if we with PHUN. Your one day result.
11.09+9.56 (+624.84%) As of 10:43AM EDT. Market open.
G
Zak Cutler: PSFE's new CEO of North American Igaming as of September 2021. He comes from Jackpocket, an official state lottery ticket purchasing app where he was VP of Strategy and Product. He was also Director for Product Management at Draftkings.
M
starting my position today with 100 shares, looking to buy 1000 by mid Nov
1
Here’s your opportunity ProfitFaker - short it!!!! 🤣😂 We all know you do every day anyway. Just be honest about it.
E
whoa a dip then a retest of $8.24.....who could have predicted that......hopefully we hold it. after the $8.50 wall not a lot of resistance back to $10!!
G
Chirag Patel: PSFE's CEO of Digital Wallets
He joined PaySafe from Santander Group were he was Global Head of Payments. Before Santander, he was Head of Payments for Amazon's European and International expansion. He has also head other senior roles with Softcard and American Express.
J
So many big players in here now. Looks like they’ve all picked up the weak retail and now watch it move north. This will be steady and strong. I got my belly full of stock and warrants below 7 and 1.8 and am now clicked in as we taxi towards the runway. Thank you all you sellers. I’ve ended up with way more than planned as the picture unravelled. Excellent DD on here. Keep it coming. Bye bye little guys who helped the big boys into such a strong position.
r
Added another 2500 at 8.07 - come on!!!.
G
Paulette Rowe: CEO of Integrated & E-commerce Solutions.
She joined PaySafe in January 2020. Before joining PSFE, she was Head of Payments and Financial Services Partnerships for Facebook. Paulette was tasked with enabling Facebook to accept payments across nearly 200 markets. She has over 20 years of experience in the payment industry.
P
This is an easy one to call today. HOD has been and was printed already. The downward channel is set for today. See you next week. I'm out. No more posts for today.
J
Despite all the complete loose cannons here, there are still some really sound investors who are really worth listening to. You’ll have to sort the wheat from the chaff but it shouldn’t take long. If you are serious about finding the next big mover, you have just arrived at a very good place.
10/20/21, 10:00 PM
Major upgrade with instant deposits and payouts plus optimized UX is a game-changer for sports betting with Paysafe’s Skrill USA for the 2021 NFL season
HOUSTON--(BUSINESS WIRE)-- Skrill USA, the digital wallet from leading specialized payments platform Paysafe (NYSE: PSFE), today unveiled a major product revamp to make it easier and faster than ever to wager online with iGaming brands. The first of several planned upgrades equips the Skrill wallet, which is specifically tailored for iGaming, with all the features that players want – from instantly funding deposits and receiving payouts to an effortless and intuitive user experience (UX).
With Paysafe's Q4 2020 research revealing that U.S. sports bettors consider fast and frictionless payments the top factor when choosing an online sportsbook (and more important than brand reputation, odds, sports markets, and bonuses), Skrill USA has responded to better support operators and their customers. For the NFL football season, it now takes seconds for new and existing Skrill customers to register or log-in, fund their player account and start wagering. Through Skrill, players can fund a wager direct from their bank account via instant online bank transfer, and also load funds to the wallet balance using a credit or debit card, and paysafecard or Paysafecash eCash solutions.
The iOS, Android, and desktop Skrill applications have been enhanced with a state-of-the-art ‘look and feel’ and streamlined UX developed to meet the needs of the casual or VIP player on-the-go in 2021. The all-new ‘tiled’ display centralizes the vital info a player needs to deposit, ensuring the payments experience is quicker and uninterrupted.
Following a frictionless registration process for first-time Skrill users, their bank accounts are rapidly yet securely linked to their Skrill accounts to allow instant deposits, and with funds fully guaranteed to gaming operators by Skrill. Alternatively, Skrill customers can simply enter their credit or debit card info or use either paysafecard or Paysafecash, which are both available at thousands of U.S. in-store retailers, to seamlessly fund their Skrill accounts, and then deposit to wager with iGaming brands.
For returning players, the depositing process is even simpler. The log-in page’s ‘remember me’ functionality allows customers to skip straight to funding their deposit, now taking a single click, streamlining the ability of customers to rapidly repeat a deposit.
Receiving payouts is just as simple, with winnings accessible to players in their Skrill account in real time. Payouts can be spent online and offline using the Skrill Visa® Prepaid Card1, withdrawn directly as cash at an ATM or transferred into players’ linked bank accounts. Customers can even decide to invest their winnings directly into cryptocurrency through Skrill’s integrated crypto exchange feature.
Paul Jardon, CEO and CFO of Skrill USA, Inc., said: “We’re excited to roll-out a major product upgrade for our digital wallet. Players using Skrill USA to wager with U.S. iGaming brands will enjoy the wallet’s sophisticated user experience and find it’s faster than ever before to make a deposit and to receive payouts of their winnings.”
Zak Cutler, CEO of North America iGaming at Paysafe, commented: “Payments are one of the main pillars of customer conversion for U.S. iGaming brands. With an unparalleled payments experience, the new Skrill USA digital wallet will give operators an edge when it comes to customer acquisition and retention – we feel it’s a game changer for the increasingly competitive U.S. market.”
Revenue: $384 mil, Guidance was $365-$385 mil.
Gross profit: $229 mil. Guidance was $225-$235 mil.
Adj. EBITDA: $119 mil. Guidance was $110-$120mil.
North American Igaming volume growth 72% along with revenue of 48% YoY.
PSFE Igaming is in 15 states. 7 additional states plan to come on board later this fall or early 2022.
PagoEfectivo and SafetyPay, which PSFE acquired this year had a combined 55% revenue CAGR between 2018-2020. The growth in business is open banking and e-commerce. Latin America has a growing and younger population compared to the United States with a median age of 31 to the US which is 38.
PSFE has growth in mind moving forward.
11.09+9.56 (+624.84%)
As of 10:43AM EDT. Market open.
He joined PaySafe from Santander Group were he was Global Head of Payments. Before Santander, he was Head of Payments for Amazon's European and International expansion. He has also head other senior roles with Softcard and American Express.
She joined PaySafe in January 2020. Before joining PSFE, she was Head of Payments and Financial Services Partnerships for Facebook. Paulette was tasked with enabling Facebook to accept payments across nearly 200 markets. She has over 20 years of experience in the payment industry.